business news

Asia-Pacific markets trade mixed as investors weigh in on Fed’s smaller quarter-point hike

The US dollar index is fluctuating, hovering around 100 The dollar index fell more than 0.3% to 100.92, the lowest levels seen since April 2022, when it last dipped below the 101 mark, Refinitiv data showed. The dollar index hit an overnight low of 101.036, its lowest level since 04/22/2022, when it traded as low …

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5 things you need to know before the stock market opens on Thursday, January 26

Traders work on the trading floor of the New York Stock Exchange (NYSE) in New York, U.S., January 25, 2023. Andrew Kelly | Reuters Here are the top news investors need to start their trading day: 1. The march of earnings continues We’re deeper into earnings season, so investors are getting more and more data …

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The analyst sees the market making a big mistake with the energy transition

The speed of change in today’s world is often rapid and dizzying. Technologies that seem to be an integral part of our lives can suddenly become redundant and irrelevant. Energy is a sector where innovation and new ideas matter a lot as countries and companies try to find ways to move to a society based …

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Australia PMI, Japan Jibun Flash PMI, Lunar New Year Holidays

Zip shares have reversed after the initial rally Australian buy now pay later company. Zip fell more than 10% after a brief rally following quarterly results. Zip traded 15% lower, a sharp reversal from its previous gains of more than 10%, after it reported a 12% rise in revenue. The company said underlying “monthly cash …

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Medical stocks tend to outperform the market, and analysts expect these names to post big gains

Medical device makers, like many manufacturers, have faced challenges over the past year from inflationary supply chain costs, staff shortages and a strong dollar that has impacted overseas sales. But the new year brought a more upbeat tone from firms in the sector, even as big tech players and others announced layoffs and sounded the …

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Earnings could keep the market on edge next week as investors wait for the Fed

Earnings news will keep investors busy and markets volatile next week as the Federal Reserve’s next rate hike nears. A diverse group of more than 80 S&P 500 companies reported, including industrial companies such as Boeing and transportation companies such as Union Pacific, CSX and Southwest Air. Big tech is also starting to put up …

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Inflation data in Japan, prime lending rates in China

China leaves key 1-year and 5-year lending rates unchanged The People’s Bank of China left key 1-year and 5-year lending rates unchanged, largely in line with expectations. The 1-year LPR remained at 3.65%, while the 5-year LPR remained at 4.3%, both unchanged from August 2022. The offshore and onshore Chinese yuan were unchanged and last …

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